Top 20 richest musicians in Nigeria and their net worth: 2020

Top 20 richest musicians in Nigeria and their net worth: 2020

Nigeria is well known for many things, and among these is the country's talented musicians. Nigerian musicians are famous not only in Africa but worldwide as well. This can be evidenced by Burna Boy's BET win last year. Ever wondered who the top 20 richest musicians in Nigeria are? Find out what these talented artists are worth.

Top 20 richest musicians in Nigeria

Image: instagram.com, @wizkidayo, @teknoofficial, @donjazzy, @mi_abaga, @tiwasavage, @davidoofficial (modified by author)
Source: UGC

Nigeria is known to many as the land of Afro-pop, and this is because the country is home to many Afro-pop artists. These artists have managed to rake in enormous amounts of money from their profession, and they are worth being lauded for their contribution to the entertainment industry in Africa and beyond. Here are details about the net worth of the richest Nigerian musicians.

Top 20 richest musicians in Nigeria

Which artists make it to the list? Take a look:

20. Duncan Mighty

Duncan Mighty net worth: $1.8 million

Duncan Mighty is a Nigerian musician, singer, and music producer well known for hits like Fake Love, Ako Na Uche, Na God, I Don't Give a Shot, and Hand of Jesus.

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The musician was born on October 28th, 1983 in Port Harcourt, Nigeria. His birth name is Duncan Wene Mighty Okechukwu.

He started his music career as a church drummer and director, and today, he is one of the most famous musicians in the world. Another fun fact about Duncan is that he studied Audio Engineering at the university.

19. M.I. Abaga

M.I. Abaga net worth: $2 million

Top 20 richest musicians in Nigeria

Image: instagram.com, @mi_abaga
Source: UGC

Born as Jude Abaga, M.I. is one of the most prominent singers in Nigeria. The star is well known for hits such as One Naira, Your Father, Bad Belle, and Anoti.

The singer, who is the current CEO of Chocolate City, was born on October 4th in the year 1981 in Jos, Plateau State.

For his education, he attended Baptist High School, Jos, and Calvin College, Michigan, United States of America.

While at college, he first began studying Engineering but later changed his major to Business and Economics. Still, at college, he performed at significant hip hop shows and concerts.

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He has endorsed GLO Mobile before.

18. D'banj

D'banj net worth: $2 million

D'banj is no new name in any list of the richest musicians in Nigeria. He was born as Oladapo Daniel Oyebanjo on June 9th, 1980, in Zaria, Kaduna State.

His dad was a military officer while his mother worked as a businesswoman. She was also a devout Christian.

For his education, D'banj attended:

  • Nigeria Military School
  • Nigerian Navy School
  • Lagos State University: While at the university, he studied Mechanical Engineering. He, however, dropped out and moved to London to pursue his career as a musician.

Some of the most famous songs by the artist include:

  • Fall in Love
  • It's Not a Lie
  • Issa Banger
  • El Chapo
  • Shake It
  • Igwe
  • Emergency

D'banj has worked with brands such as Power Fist, Globacom, Bank of Industry, Heritage Bank, Beats by Dre, Ciroc Nigeria, and SLOT.

17. Kizz Daniel

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Kizz Daniel net worth: $3 million

Top 20 richest musicians in Nigeria

Image: instagram.com, @iamkizzdaniel
Source: Instagram

Formerly known as Kiss Daniel, the Nigerian musician changed his name to Kizz Daniel in 2018.

He was born on May 1st, 1994, in Abeokuta, Ogun State, as Oluwatobiloba Daniel Anidugbe. For his schooling, he attended Abeokuta Grammar School and later proceeded to the Federal University Of Agriculture, Abeokuta, where he studied Water Resources Management and Agrometeorology. He graduated in 2013.

He began having an interest in music when he was just 11 years old. Some of his most famous hits include:

  • One Ticket
  • Madu
  • Poko
  • Woju
  • Ello Baby
  • Yeba
  • Mama
  • Laye
  • No Do
  • Eko

16. Teni

Teni net worth: $4 million

Teniola Apata was born as the ninth out of 10 children in her home. Her elder sister, Niniola, is also a popular songstress.

Her dad was a retired Brigadier General who was tragically assassinated in the year 1995 when Teni was just two years old.

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She attended Apata Memorial High School, which was owned by her late dad. She also has a degree in Business Administration, which she obtained from American Intercontinental University.

Some of her songs include:

  • Case
  • Uyo Meyo
  • Power Rangers
  • Amen
  • Askamaya
  • Billionaire
  • Fargin

15. KCee

KCee net worth: $5 million

Top 20 richest musicians in Nigeria

Image: instagram.com, @iam_kcee
Source: UGC

Kingsley Chinweike Okonkwo was born on April 18th, 1979, in Ajegunle, Lagos State. He is the elder brother to E-Money, an entrepreneur who is the CEO of Five Star Music. E Money net worth is $27 million.

KCee started his career in 1999, and to date, his most popular hits are:

  • Limpopo
  • Pull Over
  • Feel It
  • Alkayida
  • Isee

14. Yemi Alade

Yemi Alade net worth: $6 million

The gained fame after winning the Peak Talent Show in 2009. She was born as Yemi Eberechi Alade on March 13th, 1989, in Abia, Nigeria.

She attended Saviour British Primary School, Victory Grammar School, and the University Of Lagos, where she studied Geography.

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Some of her hits include:

  • Na Gode
  • Tumbum
  • Africa
  • Kissing
  • Ferrari
  • Johnny

13. Tekno

Tekno net worth: $8 million

Top 20 richest musicians in Nigeria

Image: instagram.com, @teknoofficial
Source: UGC

Tekno Miles was born as Augustine Miles Kelechi on December 17th, 1992, in Bauchi.

When he was just eight years old, he enrolled in a music school and learned to play the piano and guitar.

As his dad was a member of the Nigerian army, he grew up in different parts of the country. For his secondary school education, he attended Heritage School, Kaduna.

He released his first single titled Holiday in 2013. He is known for hits such as:

  • Jogodo
  • Duro
  • Rara
  • Yawa
  • Green Light
  • Don't Jealous Me

12. Banky W

Banky W net worth: $8.5 million

Banky W is an American-born Nigerian artist whose real name is Olubankole Wellington. He was born on March 27th, 1981, in the United States of America. When he was five years old, his family moved to Nigeria, where they lived for 12 years before going back to the USA.

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He attended Corona Primary School, Home Science Association Secondary School, and Ajao Secondary School in Nigeria. He then went back to the USA for his higher education. He enrolled at RPI and studied Industrial Engineering.

He began his music career by singing at his church choir. His hits include:

  • Yes/No
  • Made for You
  • Love U Baby
  • Heaven

Apart from singing, he is also an accomplished actor who has appeared in films like The Wedding Party. He is also credited for his appearance on T.V. shows like Shuga and Jacob's Cross.

Banky W has collaborated with brands such as Coca-Cola, Airtel, Microsoft, TomTom, Samsung, Uber, MTN, And Ciroc Vodka.

11. Tiwa Savage

Tiwa Savage net worth: $9 million

tiwa savage net worth

Image: instagram.com, @tiwasavage
Source: UGC

Tiwatope Savage-Balogun was born on February 5th, 1980, in Ikeja, Nigeria. Her family moved to England when she was 11 years old.

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She obtained a Business Administration degree from Kent University and also attended Berklee College of Music on a scholarship.

Some of her hits include:

  • All Over
  • 49-99
  • Ma Lo
  • Ello Baby
  • Eminado
  • My Darlin
  • Get It Now

She has collaborated with numerous brands, such as Forte Oil, Star Radler, Maggi, and MTN Nigeria.

10. Flavour

Flavour net worth: $9.5 million

Flavour N'abana was born as Chinedu Okoli on November 23rd, 1983, in Enugu State, Nigeria.

He began his career in music as an instrumentalist, playing the drums and piano. He is also an actor who has played supporting roles in various Nollywood films.

Among his popular songs are:

  • Nwa Baby
  • Baby Na Yoka
  • Ada Ada
  • Sexy Rosey
  • No One Like You
  • Most High

9. Peter and Paul Okoye

Peter and Paul Okoye net worth: $10 million each

The twins currently perform as Mr. P and Rudeboy. They were born on November 18th, 1981, in Jos, Nigeria. They released their first album in 2011. Some of their most popular albums include:

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  • Danger
  • Game Over
  • Double Trouble
  • The Invasion
  • Get Squared

Their hits include:

  • Beautiful Onyinye
  • Shekini
  • Chop My Money
  • Personally
  • Do Me
  • Alingo
  • Collabo
  • E No Easy
  • No One Like You

Despite performing separately at the moment, they still have the same net worth of $10 million each.

8. Timaya

Timaya net worth: $10.5 million

timaya net worth

Image: instagram.com, @timayatimaya
Source: UGC

Inetimi Alfred Odom was born on August 15th, 1980, in Port Harcourt, Nigeria. He is the youngest of 15 kids. His mom was a trader while his dad worked as a banker.

He attended Assemblies of God Nursery and Primary School, and for his secondary education, he went to Nkpolu Oroworukwo in Port Harcourt. He also attended Ikeja Grammar School.

His hits include:

  • I Can't Kill Myself
  • Sanko
  • Balance
  • Pull Up

Timaya has endorsed different brands, such as GLO.

7. Phyno

Phyno net worth: $11 million

Top 20 richest musicians in Nigeria

Image: instagram.com, @phynofino
Source: UGC

Chinuzoi Nelson Azubuike is his real name. He was born on October 9th, 1986, in Enugu, Nigeria. The singer, songwriter, and record producer attended the Institute of Management and Technology, Enugu, where he studied Public Administration. He started his music career in 2003, and some of his songs are:

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  • Ride For You
  • Fada Fada
  • So Far So Good
  • The Bag

He has endorsed brands such as Globacom, Nairabet, Monster Energy, and Cadbury Nigeria PLC.

6. Olamide

Olamide net worth: $12 million

Olamide is well known for hits such as Pawon, Wo!!, Motigbana, Melo Melo, and Dobo.

He was born as Olamide Adedeji on March 15th, 1989, in Lagos, Nigeria. He is the current CEO of YBNL Nation. In 2000, he decided to pursue music and rose to fame with Eni Duro. In 2011, he released his debut album titled Rapsodi.

For his education, he attended Tai Solarin University of Education Ijagun, Ijebu-ode, Ogun State. He studied Mass Communication.

He has endorsed various brands such as Hennessy, Globacom, Etisalat, Ciroc Ultra Premium Vodka, Sterling Bank, and Goldberg Lager beer.

5. 2Baba

2Baba net worth: $16 million

Top 20 richest musicians in Nigeria

Image: instagram.com, @official2baba
Source: UGC

2Baba was born as Innocent Ujah Idibia on September 18th, 1975, in Jos, Plateau State. He attended Saint Gabriela's Secondary School in Makurdi, Benue State. He later enrolled at the Institute of Management And Technology, Enugu. He then dropped out to pursue a career in music.

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He is married to Annie Macaulay. They got married on May 2nd, 2012 in Lagos, Nigeria. He currently has 7 kids from 4 different women. His hits include:

  • See Me So
  • African Queen
  • If Love Is a Crime
  • Oyi

4. Burna Boy

Burna Boy net worth: $17 million

Burna Boy is a singer-songwriter who rose to fame in 2012 because of his hit titled Like to Party. He was born as Damini Ebunoluwa Ogulu on July 2nd, 1991, in Rivers, Nigeria. His dad managed a welding company while his mother worked as a translator.

His achievements include winning a BET award in 2019 for the Best International Act and collaborating with Beyonce on her album titled The Lion King: The Gift.

Burna Boy's most liked hits are:

  • On the Low
  • Ye
  • Anybody
  • Gbona
  • Ja Ara E
  • Dangote

3. Don Jazzy

Don Jazzy net worth: $18.5 million

don jazzy net worth

Image: instagram.com, @donjazzy
Source: UGC

Don Jazzy is a Nigerian singer, songwriter, record producer, and entrepreneur. He was born as Michael Collins Ajereh on November 26th, 1982, in Umuahia, Abia State, Nigeria.

He started playing drums before he was four years old and began playing the guitar when he was 12 years old.

He attended the Federal Government College, Lagos. He attained a degree in Business Management from Ambrose Alli University, Ekpoma.

Don Jazzy co-founded Mo'Hits Records in 2004 with D'banj. On May 8th, 2012, he founded Mavin Records. This was after Mo'Hits closed shop.

As an entrepreneur, Don Jazzy ventured into the oil and gas industry in Nigeria by establishing Mavin Energy in 2013. Mavin Energy deals with the supply of petroleum products to homes and companies.

In 2017, he partnered with Dele Odufunye to launch Flobyt Wifi. He has endorsed brands such as MTN Nigeria, Johnnie Walker, Konga, LOYA Milk, and Samsung Electronics.

As a record producer, he has produced a number of albums such as D'banj's No Long Thing and RunDown Funk U Up and Korede Bello's Belloved.

2. Davido

Davido net worth: $19 million

davido net worth

Image: instagram.com, @davidoofficial
Source: UGC

David Adedeji Adeleke is an American-born Nigerian artist known for hits such as Blow My Mind, Risky, Assurance, Skelewu, Aye, Flora My Flawa, and many more.

He was born on November 21st, 1992 in Atlanta, United States of America. He was raised in Lagos and made his debut as a member of KB International.

He studied Business Administration at Oakwood University before dropping out to make beats and record vocal references.

He has collaborated with brands such as MTN, Guinness Nigeria, and Infinix Mobile.

Who is the richest musician in Nigeria?

The richest musician in Nigeria is none other than Wizkid, aka Starboy.

1. Wizkid

Wizkid net worth: $20 million

forbes richest musician in nigeria

Image: instagram.com, @wizkidayo
Source: UGC

Wizkid is a Nigerian singer-songwriter who was born as aAyodeji Ibrahim Balogun on July 16th, 1991, in Surulere, Lagos. He also goes by the monickers Starboy and Lil Skies.

His mom is a pentecostal Christian, while his dad is a Muslim. He has 12 sisters.

He went to Ijebu Ode Grammar School, and for his higher education, he attended Lagos State University.

He started recording music when he was 11 years old. His hits include:

  • Joro
  • Ojuelegba
  • Energy
  • Fever
  • Come Closer

The brands he has collaborated with include Pepsi, MTN Nigeria, Guinness, and GLO.

Wizkid is the Forbes richest musician in Nigeria.

You may have noticed that some top musicians like Patoranking did not make it to the list. As Patoranking net worth is $1 million, his net worth is below that of the #20 on the list.

Now you know who the top 20 richest musicians in Nigeria are. Keep reading legit.ng to get more updates about your favorite artists.

Source: Legit

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